If EHT don't go below jun. 2022

Updated

Hi, all... some thought's about ETH. If jun LOW is the bottom, in terms of EW theory, we are in last leg UP wave 5 so it's possible to be very close to interior wave 2 of that BIG 5. IF that jun low will fail another potential target below. GOOD luck to all and DYOR ( I'm just a guy who watch YT crypto content :) so if you play with money, following this type of analises it's YOUR decision.

Note

For the moment,looks like (12345 EW red count) still in play... But it's very possible to be a leading diagonal for wave 1 ( 12345 , now interior wave 4 done or in progres) ,than i look at 0.618 retrace for wave 2.

Trade active

We are still here... but with more question :)

Note

So... my primary scenario is leading diagonal for W1 (blue)
But it's very possible to be an ascending triangle with a price target at 4k+
and with less probabilities 3-th scenario "bear flag" - looks to extend in time" (don't fit with 4 y cycle), but if that ( recesion ,some ppl talk ) will happend... and i see it in the chart .?!

Note

For the moment looks like two scenarios was INVALIDATED ( leading diagonal & that potential RED flag) ...
So ascending traiangle go's ON :) Good luck to all

Note

Some intresting lines in RSI

And sure you are 100% responsable for takeing "long/short" position on other peple ideas... so DYOR, good luck.

Note

I find this, very intresting "FIB" confluences:
1. measurement of W1 and W2 give 1.618 fib extension for W3 ( usual retrace for W4 at 1 fib extension)
2. from W3 to W4 if use fib usual retrace 0.382
3. I use fib from 1550$ area ( that price volume node ) and it's 0.5 fib retrace

All 3 ways to use fibonaci have same price level :

Note

I was expecting 2480$ area to hold... NOW looks like a discount :)
1. We are at 50% fib retrace W2-to-W3 (but this don't looks like a W3 move... looks more like leading diagonal for W1 and IF it is one, the next y in crypto will be with fireworks :) I wish to have more money to invest :)
2. Golden pocket was touch measured from that POC line to the top.

Note

I clean a little bit this chart... will see how this work :)
DYOR and GOOD LUCK

Note

I change the count a little bit( initial count, looks to chopy, for wave 3 ), so it's more probable to be an leading diagonal for wave 1, wave 2 can be done or in progress. I'm focus on this now, to find that bottom for potential w2.

Trade closed: target reached

DYOR and GOOD LUCK ... but chart say to me UP ( be carefull at fake brakeup)

Note

"Trade closed: target reached" TV put this :)))

Note

Looks like lower scenarios for potential wave 2 will be invalidated ( need to go above privious local top, to gain confident in this case :)
So... just read the chart and DYOR, Good luck. I will open a new idea,after i clean this chart a little bit :)

MynameisTeo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.